Draw a graph to show the effect of the new technology

Reference no: EM132209099

Question: Suppose that the business cycle in the United States is best described by the Real Business Cycle theory and that a new technology increases productivity.

1. Draw a graph to show the effect of the new technology in the market for loanable funds.

2. Draw a graph to show the effect of the new technology in the labor market.

3. Explain the when-to-work decision when technology advances.

Reference no: EM132209099

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